Ethereum (ETH) Funding Rate History
Ethereum (ETH) perpetual futures funding ranges from -1.90 bps on PHOENIX to 8.00 bps on WOOFIPRO across 37 reporting venues, a spread of 9.90 bps. The most extreme rate (87.60% APY annualized) is on WOOFIPRO. Currently funding signs are mixed: 29 positive, 7 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on ETH price.
ETH Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| WOOFIPRO | 8.00 bps | 87.60% APY | 8.00 bps | $14.06M |
| BULLET | 5.90 bps | 64.61% APY | -0.10 bps | $791.40K |
| PHOENIX | -1.90 bps | -20.80% APY | -0.70 bps | $181.41K |
| HOTSTUFF | 1.70 bps | 18.61% APY | -3.10 bps | $916.09K |
| REYA | 1.50 bps | 16.42% APY | 1.20 bps | $5.96M |
| MEXC | -1.20 bps | -13.14% APY | 0.40 bps | $2.11B |
| BINANCE | 1.00 bps | 10.95% APY | 0.40 bps | $11.04B |
| GATEIO | 1.00 bps | 10.95% APY | 0.30 bps | $5.18B |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 1.00 bps | $832.79M |
| KUCOIN | 1.00 bps | 10.95% APY | 0.60 bps | $527.13M |
| LIGHTER | 1.00 bps | 10.95% APY | 0.90 bps | $242.61M |
| GRVT | 1.00 bps | 10.95% APY | 1.00 bps | $214.47M |
| PHEMEX | 1.00 bps | 10.95% APY | 0.10 bps | $93.05M |
| EXTENDED | 1.00 bps | 10.95% APY | 0.30 bps | $66.43M |
| EDGEX | 1.00 bps | 10.95% APY | 1.00 bps | $55.37M |
| NADO | 1.00 bps | 10.95% APY | 0.70 bps | $35.46M |
| PARADEX | 1.00 bps | 10.95% APY | 0.90 bps | $1.12M |
| HYENA | 1.00 bps | 10.95% APY | 0.80 bps | $351.07K |
| BLUEFIN | 1.00 bps | 10.95% APY | -3.10 bps | $17.94K |
| BITGET | 0.90 bps | 9.86% APY | 0.20 bps | $1.88B |
| PACIFICA | 0.90 bps | 9.86% APY | 0.20 bps | $269.81M |
| DECIBEL | 0.90 bps | 9.86% APY | 0.90 bps | $5.27M |
| ETHEREAL | 0.90 bps | 9.86% APY | 0.90 bps | $951.10K |
| OKX | -0.80 bps | -8.76% APY | 0.20 bps | $8.09B |
| BYBIT | 0.80 bps | 8.76% APY | 0.40 bps | $2.63B |
| VARIATIONAL | 0.80 bps | 8.76% APY | 0.40 bps | $149.21M |
| BINGX | -0.70 bps | -7.66% APY | 0.00 bps | $760.51M |
| ASTER | 0.70 bps | 7.66% APY | 0.60 bps | $429.99M |
| COINBASE INTL | 0.40 bps | 4.38% APY | 0.20 bps | $2.73B |
| RISEX | 0.40 bps | 4.38% APY | 0.60 bps | $20.03M |
| HIBACHI | -0.40 bps | -4.38% APY | -0.10 bps | $1.32M |
| COINBASE US | 0.30 bps | 3.28% APY | 0.80 bps | $88.65M |
| ZO | 0.20 bps | 2.19% APY | -0.20 bps | $2.05M |
| HUOBI | -0.10 bps | -1.09% APY | -0.40 bps | $884.29M |
| CRYPTOCOM | -0.10 bps | -1.09% APY | 0.20 bps | $182.67M |
| VEST | 0.10 bps | 1.09% APY | -0.60 bps | $9.17M |
| KALSHI | 0.00 bps | 0.00% APY | -0.10 bps | $132.18M |
Last updated 2026-07-16T08:14:23Z (UTC).
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Related: ETH open interest, ETH volume, ETH perp market data.